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sinerus sinerus
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7 years ago
Suppose you operate in a monopolistically competitive market. If you sell your good at a price of $10 and your average cost of production is $8
A) you cannot be in short-run equilibrium.
B) your market is in long-run equilibrium.
C) we can expect firms to enter your market and sell a similar good in the long run.
D) there will be no incentive for competing firms to enter your market in the long-run.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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tristiontristion
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7 years ago
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sinerus Author
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7 years ago
Smart ... Thanks!
Jadakiss
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Yesterday
Helped a lot
karamsidhu1
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2 hours ago
This helped my grade so much Perfect
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